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.s. economy due to hit the fiscal cliff, trillion of tax increases and spending cuts, president obama called for a catch henceive deal and said he is not going to one on the top 2%. >> we cannot afford to extend the bush tax cuts for the wealthy. we can make sure that middle class taxes don't go up. if we get that in place we are removing half of the fiscal cliff. >> speaker john boehner offered what he considers a balanced approach generating the revenue from tax reform and entitlement reform. late today, boehner said the president's position is flawed. >> we are not going to hurt our economy an make job creation more difficult. which is exactly what that plan would do. >> letter sent by the u.s. chamber of commerce and signed by 232 organizations calls on the president and congress to immediately extend all the tax cuts and find other cuts to replace sequestration. the president suggested taking a closer look at reforming entitlements without offing details and says he would like to simplify the tax code. mr. obama says he wants congress to act now to extend tax cut for middle class and tr
afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president obama and the lame duck congress is the crushing debt and
jobs. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to daniel the economy to make their point with republicans. writing, "what should he do?" just say no and go over the cliff if necessary. the president said today he is open to giving in to a point. >> i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i am open to new ideas. i'm committed to solving our fiscal channel. i refuse to accept any approach that isn't balanced. >> the president broke w
the economy slipped back to recession, offering little hope of the exports to that part of the world and increase in jobless filing last week, some economists blame hurricane sandy, lawmakers look to lower the fiscal cliff the economy is approaching if they don't reach a deal on reducing the deficit. house democratic leader nancy pelosi urged extending middle class tax cut. >> we must not hold middle class tax cuts hostage to wealthiest americans. >> republicans know if they don't the democrats will let the upper income tax cuts expire, which they say will hurt job creation. day after the first news conference in more than half a year and the first after the re-election, newspaper seized on the president's suggestion he might not demand the top income tax rate return to what it was under bill clinton. aides with him for the second tour of damage from hurricane sandy suggested mr. obama's demand is for a sure source of re-knew, leaving negotiators to decide how much the re-knew is. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of rais
. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >> fairly tell. we need the republicans to do in 2012 what we did in 2010. we hear the mandate. continue to cut spending. they have to hear the mandate. >> the players haven't changed but instead of huddling around the table in the cabinet room as he and congressional leaders did in failed negotiation last year, the president may hold series of post thig rally to lock in the bush administration middle income tax rate, that conservative commentator bill crystal suggests is a no-brainer. >> it won't hurt the country if we raises a little bit on millionaires. it won't. >> why would they fall on the sword for millionaires half of whom live in hollywood and vote democratic anyway. even republicans willing to accept hig
of the economy that need investment. we don't have to ask seniors or parents of disabled children or the least fortunate among us to bear the burden of getting our fiscal house in order. >> both parties may be under greater pressure to compromise this time given the recent signals from the private sector. yesterday hostess brands announced they are closing three bakeries and laying off 627 employees. boeing company, groupon incorporated, applebee's international, papa john an murray industry announced layoffs or job cuts since the election. one thing that would surely ease business pessimism would be administration agreement to streamline regulations. in the past 90 days, the obama administration posted nearly 6,000 regulations of notices on the website. that is an ample of # 8 a day -- average of 68 a day. >> bret: thank you. stocks fell. dow lost 59, nasdaq dropped 20. slightly more americans will be traveling this thig than last year. triple-a predicts 44 million americans will travel 50 miles from home. there is a 35-crept gas prices in the last month. the drop is good thin
Search Results 0 to 11 of about 12 (some duplicates have been removed)